U.S. import and export prices trended down over the year ending August 2015

September 14, 2015

U.S. import prices trended down over the past year, falling 11.4 percent between August 2014 and August 2015. The 12-month drop in August was the largest year-over-year decline since the index fell 12.0 percent in September 2009. Prices for U.S. exports also decreased over the past 12 months, falling 7.0 percent, the largest year-over-year decline since the index fell 8.3 percent in July 2009.

12-month percent change in U.S. Import and Export Price Indexes, August 2005–August 2015
Month All imports All exports

Aug 2005

8.2 3.1

Sep 2005

9.9 3.6

Oct 2005

8.2 3.7

Nov 2005

6.4 2.8

Dec 2005

8.0 2.8

Jan 2006

8.7 2.7

Feb 2006

6.9 2.7

Mar 2006

4.5 2.3

Apr 2006

5.8 2.5

May 2006

8.6 3.5

Jun 2006

7.4 4.2

Jul 2006

7.0 4.5

Aug 2006

6.0 5.2

Sep 2006

1.6 3.9

Oct 2006

-1.0 2.9

Nov 2006

1.3 3.9

Dec 2006

2.5 4.5

Jan 2007

0.0 4.1

Feb 2007

1.2 4.9

Mar 2007

2.8 5.4

Apr 2007

2.1 5.1

May 2007

1.2 4.6

Jun 2007

2.3 4.3

Jul 2007

2.8 4.0

Aug 2007

1.9 3.7

Sep 2007

4.8 4.5

Oct 2007

9.1 5.6

Nov 2007

12.0 6.2

Dec 2007

10.6 6.0

Jan 2008

13.6 6.8

Feb 2008

13.5 6.9

Mar 2008

15.2 7.9

Apr 2008

16.9 8.0

May 2008

19.1 8.1

Jun 2008

21.3 8.7

Jul 2008

21.4 10.2

Aug 2008

18.1 8.3

Sep 2008

13.1 7.0

Oct 2008

4.9 4.0

Nov 2008

-5.9 -0.3

Dec 2008

-10.1 -2.9

Jan 2009

-12.5 -3.4

Feb 2009

-12.7 -4.5

Mar 2009

-14.9 -6.7

Apr 2009

-16.4 -6.7

May 2009

-17.3 -6.6

Jun 2009

-17.5 -6.6

Jul 2009

-19.1 -8.3

Aug 2009

-15.3 -6.2

Sep 2009

-12.0 -5.6

Oct 2009

-5.6 -3.6

Nov 2009

3.4 0.4

Dec 2009

8.6 3.4

Jan 2010

11.4 3.5

Feb 2010

11.3 3.4

Mar 2010

11.2 4.9

Apr 2010

11.2 5.5

May 2010

8.5 5.6

Jun 2010

4.3 3.7

Jul 2010

4.9 3.9

Aug 2010

3.8 4.1

Sep 2010

3.6 4.9

Oct 2010

3.9 5.8

Nov 2010

4.1 6.5

Dec 2010

5.3 6.5

Jan 2011

5.6 7.0

Feb 2011

7.6 8.7

Mar 2011

10.3 9.5

Apr 2011

11.9 9.2

May 2011

12.9 9.1

Jun 2011

13.6 10.1

Jul 2011

13.7 9.8

Aug 2011

12.9 9.4

Sep 2011

12.7 9.4

Oct 2011

11.1 6.3

Nov 2011

10.1 4.8

Dec 2011

8.5 3.6

Jan 2012

6.9 2.6

Feb 2012

5.1 1.8

Mar 2012

3.5 1.1

Apr 2012

0.8 0.7

May 2012

-0.8 -0.2

Jun 2012

-2.5 -2.1

Jul 2012

-3.3 -1.3

Aug 2012

-1.8 -0.9

Sep 2012

-0.6 -0.6

Oct 2012

0.0 1.5

Nov 2012

-1.4 0.8

Dec 2012

-2.0 1.1

Jan 2013

-1.5 1.2

Feb 2013

-0.6 1.5

Mar 2013

-2.1 0.2

Apr 2013

-2.7 -0.8

May 2013

-1.8 -0.8

Jun 2013

0.1 0.8

Jul 2013

0.9 0.3

Aug 2013

0.0 -1.1

Sep 2013

-0.7 -1.6

Oct 2013

-1.6 -2.2

Nov 2013

-1.8 -1.5

Dec 2013

-1.1 -1.0

Jan 2014

-1.3 -1.0

Feb 2014

-1.1 -1.0

Mar 2014

-0.5 0.4

Apr 2014

-0.4 -0.1

May 2014

0.5 0.6

Jun 2014

1.2 0.2

Jul 2014

0.9 0.4

Aug 2014

-0.3 0.4

Sep 2014

-1.4 -0.4

Oct 2014

-2.1 -0.7

Nov 2014

-3.1 -1.7

Dec 2014

-5.6 -3.0

Jan 2015

-8.9 -5.0

Feb 2015

-10.2 -5.8

Mar 2015

-10.8 -6.7

Apr 2015

-10.5 -6.3

May 2015

-9.7 -6.0

Jun 2015

-9.9 -5.7

Jul 2015

-10.5 -6.2

Aug 2015

-11.4 -7.0

Prices for fuel imports fell 48.3 percent from August 2014 to August 2015. Petroleum prices declined 49.6 percent over the past year, and natural gas prices declined 34.4 percent, both of which factored into the overall drop in fuel prices.

Nonagricultural export prices declined 6.2 percent over the year ending August 2015, the largest 12-month drop since the index fell 6.6 percent between July 2008 and July 2009. Prices for overall agricultural exports declined 13.9 percent over the past year.

These data are from the International Price program and are subject to revision. To learn more, see “U.S. Import and Export Price Indexes – August 2015” (HTML) (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import and export prices trended down over the year ending August 2015 on the Internet at https://www.bls.gov/opub/ted/2015/us-import-and-export-prices-trended-down-over-the-year-ending-august-2015.htm (visited September 15, 2019).

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